COMMERCIAL.

Poverty Bay Herald, Volume XLVII, Issue 15212, 10 May 1920, Page 5

COMMERCIAL.

LONDON- WOOL SALES.

(Elee. Tel. Copyright— United press Assn,) ' (Australian and N.Z. Cable Association.)^ L, - kQNDON, May 7. ' J.ne. wool sales . closed,, quietly. New f c ce e al o«\ Surrey Hills realised 58£ d. Some > 156,120 bales were catalogued- About 3800 - .were withdrawn. '*.-." ".'....' ...-. - : . Best shafty merinos met with, a good demand from the Dnited States and some • maintained full March values. Mediumand faulty combings declined 10 to 15 per • cent. ■■> Short carbonising sorts • met : with a fair Continental demand; but de- ' blmed 5 per cent. '. Best ebmeback cross- -'. breds showed little change.'"!" Shabbier andf^ul^er, parcels declined. s to 10 per cent., V medium and coarse, crossbreds declined 10'^ per ? cent:, and scoureds arid slipe's' declin-4 ed by. the same amount. Merino lanibs” were, unchanged. ; Crossbreds declined 57 .-per cent. . ;: The principal cause of tho decline lifts been ..the curtailment of .credit by the ' banks, the rise m the bank rote,' and the disturbing effect of tho Budget, which have combined to check many would-be bpevatpis.

Mr Fred Gray ropqrts as follows on his weekly hoise r and poultry sale .-—Horses (13 -entries): 1- hack, saddle and- bridle £8, 1 hack £4, 1 do. £3 10s, one harness pony £2: 10s, one child's pony _2, one do. 15s. , "Dogs (* entries): 1 huntaway £5, .1 all-round dog £4. Poultry ; (9l entries): Buff Orpington 8s each, Buff Orpingtpn hens 3s 9d to 5s 3d each, Buff Qrpington roosters' 3s 9d to 4s each, White fceghprn , Kens, 3s to ; 4s 9d each,- White Leghorn roosters 2s 8d to 4s each,. (mixed "ihes, heris 3s 10d to 5s 2d each, cockerels Is 3d to 4_ 8d .each, ducks and /drakes ,3s to ss" each.

'Friday's Auckland produco report: Resides the prospectiyc ; move m the value of milk -products 'during' the coining season, a good deal, of .interest is being taken ; in the position of^ bacon. ■ After a scarcity during the wholo of last year, rculminating. m practically; a disappearance, of ,-supplies at Christmas, stocks . are. .again obtainable, and quotations have even been received lately from Taranaki. The -increase m the supply is attributed to the cessation of export buying. ', Eggs are a little more plentiful this week, ,'■• or else the phenomenal demand of tho past fortnight has slackened, and 'the* prrpe has given way: a little, moderate quantities being on sale at 3s 9d retail. Very .little business has been- done m potatoes as a result of the large shipments from' south. The consignijftents to hand opened out , in | splendid condition, and no more trouble i should, be experienced -m l regard , to> quality..'The. crop m Oantetbury is ailittlo litter than Usual, this being attributed an some • quarters to the absence of ea^ly autumn, frosts,, which hay^; a tendency *to hurry along ,' the : ripening process,* .but' ample stocks should 1 be', available 'for, the future. The market is dedd^dly" easier at £11- 10s ; ex store. Heavy stocks' of southern onions are held and' Mr" is' difficult, 'to quit them at lis; 6d ex store* "3 : grade oats are selling quietly at 6s 9d-exstdrc m small lines*, but the -:de'_ia-'<_'*n-.> very weak compared • with; the : ; position' % the south.- There is: an . inoreased demandrfor seed oats,: principally Algerians •:-. Whdat: Milling wheat \a entirely under Government control and is therefore, itaken of the, commercial, arena. ., It. seems, as,-, if fowl wheat will .have to be supplied m. the same way this year. This week rthe. first shipment arranged by the" Government has. come, to hand, and it wi}l partially relieve the acuta shortage of the last few weeks, as* it. is for' distribution ... among poultry-keepers. Pollard has , probably never been so scarce, Bratt-is .also particularly Scarce. Maize.:. ..Owing to the scarcity of- ; wheat, 'the demand tor .maise has steadily • iHc'rea|3e'd» ' and ; there • ;has been.no difficulty m getting up to 10s ybn the* wharf. i in '-wholesale lineß.- -Bay- of Plenty maize has only been arriving -m, moderate quantities, and the next'shipment from- Fiji: should -meet', a keen demand, especially, as the, colder i. weather allows an , increased quantity of. ,mai-e ; -to be. used.'- :Fair qudntities of barley are selling owing no .:doub't to.- the scarcity of other grains. - , -,'- : '■. - . . . ', r • . ■